Class A Preferred Unreturned Capital definition
Class A Preferred Unreturned Capital of any Class A Preferred Unit means, as of any date, the aggregate Capital Contributions made or deemed to be made in exchange for such Class A Preferred Unit reduced by all Distributions made by the Company that constitute a return of Class A Preferred Unreturned Capital under Section 4.1(a)(ii).
Class A Preferred Unreturned Capital means, with respect to any Class A Preferred Unit, as of any date, an amount equal to the excess, if any, of (i) Class A Preferred Original Issue Price, over (ii) the aggregate amount of prior Distributions made by the Company with respect to such Unit pursuant to (A) Section 4.1(a) until the Class A Preferred Unreturned Capital has been reduced to $0 and (B) Section 4.1(b)(i)(A)(II).
Examples of Class A Preferred Unreturned Capital in a sentence
At any time during a Preferred Put Notice Period, (y) the Oaktree Investors shall have the right, but not the obligation, to deliver a written notice of election (an “Oaktree Put Notice”) to the Company requiring the Company to repurchase all (but not less than all) of its Class A Preferred Units (the “Oaktree Put Units”) for an amount equal to the sum of the aggregate Class A Preferred Unpaid Yield and Class A Preferred Unreturned Capital on all Class A Preferred Units then outstanding and (z) the ▇.